The Coffee Board (India) has submitted the SBI Caps final report on the rejuvenation of 80,000 hectares of coffee plantations to the Union minister of state for commerce Jairam Ramesh.
Addressing the inaugural ceremony of the Second India International Coffee Festival (IICF) 2007, Mr Ramesh hoped that the implementation would commence in a few months with a special purpose vehicle (SPV) being created for implementation. SBI Caps had also prepared the report on rejuvenating 200,000 hectares of tea plantations and the Special Tea Purpose Fund implementation was scheduled to be inaugurated in Guwahati in June.
Coffee Board chairman G V Krishna Rau noted that the growers had not yet fully recovered from the five-year slump in world prices from 1999 and the more recent infestation of the Arabica crop by the white stem-borer. He hoped policies to deal with the fallout from these crises would be holistic and not piecemeal.
Read More: The Economic Times
Posted by beanybabe at 12:46 AM PST
